Yue Kan Holdings Limited (2110) AI Stock Analysis

• Market Cap: HK$35.10M
• Dividend Yield: N/A
• Average Volume (3M): 126.70K
• Price to Earnings (P/E): ―
• Beta (1Y): 0.18
• Revenue Growth: -9.20%
• EPS Growth: 32.32%
• Country: HK
• Employees: 106
• Sector: Industrials
• Sector Strength: 72
• Industry: Engineering & Construction
• EPS (TTM): -0.07
• Shares Outstanding: 300,000,000
• 10 Day Avg. Volume: 37,000
• 30 Day Avg. Volume: 126,700
• PEG Ratio: 0.03
• Price to Book (P/B): 0.78
• Price to Sales (P/S): 0.17
• P/FCF Ratio: -2.66
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: N/A
• Price Target Upside: N/A
• Rating Consensus: Hold
• Number of Analyst Covering: 1

• Rating: 43 Neutral
• Price Target: HK$0.00 ▼(-100.00% Downside)

Yue Kan Holdings Limited's overall stock score is primarily impacted by its poor financial performance, characterized by declining revenues and negative profitability margins. The technical analysis provides mixed signals, with some longer-term support but short-term weakness. The valuation is unattractive due to a negative P/E ratio and lack of dividend yield.

Yue Kan Holdings Limited Business Overview & Revenue Model

Company Description

Tian Cheng Holdings Ltd. engages in marine construction works. It specialises in reclamation works and supplemented by vessel chartering services and other civil engineering works. The company was founded 0n 24 May, 2018 and is headquartered in Hong Kong.

How the Company Makes Money

Yue Kan Holdings generates revenue through a variety of streams, primarily from its logistics services which include transportation, warehousing, and supply chain management solutions. Additionally, the company earns income from trading consumer products, where it sources and distributes goods to various markets. The revenue model is bolstered by strategic partnerships with suppliers and logistics providers, enhancing operational capabilities and market reach. The company also engages in investment activities, generating income through dividends and capital appreciation from its portfolio, which contributes to its overall earnings.

Yue Kan Holdings Limited Financial Statement Overview

Summary

Yue Kan Holdings Limited is facing significant financial challenges, with negative profit margins and cash flows. The balance sheet shows low leverage, but declining equity ratio increases financial risks. Improvements in revenue and cost management are needed.

Income Statement

Yue Kan Holdings Limited has faced declining revenue with a notable drop from 2021 to 2024. The company's gross and net profit margins are negative, indicating operational and net losses. Although there was slight revenue growth from 2023 to 2024, profitability remains a significant challenge with negative EBIT and EBITDA margins.

Balance Sheet

The balance sheet shows a relatively stable equity base, but the debt-to-equity ratio remains low due to limited total debt. However, the declining equity ratio signals increased financial risk. The return on equity has been negative, reflecting the company's ongoing losses.

Cash Flow

Cash flow from operations is negative, and free cash flow has consistently been negative, highlighting cash management challenges. The operating cash flow to net income ratio is unfavorable, indicating cash flow issues relative to reported losses. The company needs to improve its cash generation capabilities.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	202.78M	202.78M	223.33M	198.03M	212.28M	345.62M
Gross Profit	-13.67M	-13.67M	-31.86M	-62.34M	30.21M	56.01M
EBITDA	-22.46M	-22.46M	-31.36M	-73.13M	30.79M	53.57M
Net Income	-34.48M	-34.48M	-44.14M	-87.05M	16.68M	37.63M
Balance Sheet
Total Assets	81.56M	81.56M	117.47M	145.99M	227.77M	265.47M
Cash, Cash Equivalents and Short-Term Investments	28.10M	28.10M	25.82M	33.69M	85.18M	124.52M
Total Debt	2.56M	2.56M	4.95M	6.84M	1.01M	1.62M
Total Liabilities	38.10M	38.10M	43.56M	39.52M	34.29M	63.67M
Stockholders Equity	43.46M	43.46M	73.90M	106.47M	193.48M	201.79M
Cash Flow
Free Cash Flow	-13.05M	-12.79M	-26.79M	-49.84M	-13.67M	20.11M
Operating Cash Flow	-13.05M	-12.79M	-26.70M	-38.71M	14.82M	34.22M
Investing Cash Flow	10.82M	10.82M	8.80M	-10.77M	-28.18M	-24.11M
Financing Cash Flow	1.49M	1.49M	10.06M	-2.02M	-25.68M	83.40M

Yue Kan Holdings Limited Technical Analysis

• Technical Analysis Sentiment: Neutral
• Last Price: 0.12
• 50DMA: Negative
• 100DMA: Positive
• 200DMA: Positive
• MACD: Negative
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For HK:2110, the sentiment is Neutral. The current price of 0.12 is above the 20-day moving average (MA) of 0.12, below the 50-day MA of 0.13, and above the 200-day MA of 0.11, indicating a neutral trend. The MACD of >-0.01 indicates Negative momentum. The RSI at 49.50 is Neutral, neither overbought nor oversold. The STOCH value of 53.85 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for HK:2110.

Yue Kan Holdings Limited Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
3728	64 Neutral	HK$67.87M	7.20	6.89%	―	42.91%	-12.26%
2110	43 Neutral	HK$35.10M	―	-58.76%	―	-9.20%	32.32%
8366	41 Neutral	HK$50.47M	55.00	-4.67%	―	-7.34%	―
Sector *	63 Neutral	$10.79B	15.43	7.44%	2.01%	2.89%	-14.66%

Yue Kan Holdings Limited Corporate Events

Tian Cheng Holdings Appoints Independent Director

Tian Cheng Holdings Limited has announced the appointment of Mr. Wen as an independent non-executive director. Mr. Wen has confirmed his independence according to the relevant Listing Rules, ensuring no financial or other interests in the company’s business or connections with core connected persons, which may impact his role.

Tian Cheng Holdings Appoints New Independent Director to Strengthen Governance

Tian Cheng Holdings Limited has announced the appointment of Mr. Yin Jun as an independent non-executive director, chairman of the Remuneration Committee, and member of the Nomination and Audit Committees effective from May 16, 2025. Mr. Yin brings extensive experience from his roles in various companies, including those in e-commerce and new energy technology sectors. His appointment helps the company comply with specific Hong Kong Stock Exchange Listing Rules, enhancing its governance structure.

Tian Cheng Holdings Announces Board Composition and Committee Structure

Tian Cheng Holdings Limited, listed under stock code 2110, has announced the composition of its board of directors, which includes seven members. The board comprises both executive and independent non-executive directors, with Ms. Zheng Yanling serving as the Chairman. The company has also established three committees: Audit, Remuneration, and Nomination, each chaired by different independent non-executive directors. This announcement reflects the company’s commitment to maintaining a structured and transparent governance framework, which is crucial for its operational integrity and stakeholder confidence.